Compare AUD to RUB foreign transfers

Use our comparison table to find the best exchange rates for Russian Ruble foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

This is a chart showing the change in the AUD-RUB mid-market exchange rate over the last week. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market AUD-RUB exchange rate.

Currency news and forecasts for Australian Dollar and Russian Ruble

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the AUD vs RUB, you should pay attention to both Australian Dollar and Russian Ruble news and forecasts.

Australian Dollar (AUD) - Market news and forecasts

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).

Russian Ruble (RUB) - Market news and forecasts

3-March-19: 2018 was a year of steady depreciation for the ruble; it lost 17 percent and 12 percent of its value against the dollar and euro respectively. US sanctions played a part in that weakness, as did an end-of-year collapse in the oil price and the Russian central bank’s purchases of foreign currencies for the purposes of bolstering Russia’s FX reserves.

In early 2019, with a Moody’s upgrade for Russia and a 30 percent bounce in the oil price, the ruble performed well. At the time of writing, year-to-date the ruble had gained 5 percent against the dollar, taking it back to ₽65.9, and 6 percent against the euro, taking it to ₽74.9.

“Levels around 65.5 per USD and 74 per EUR should remain the limit for RUB appreciation,” a Nordea Markets analyst said in February, as chatter surrounding a new round of sanctions resurfaced.

In February, 12-month forecasts offered by TradingEconomics.com were for ₽68.8 and ₽76.4 for USD/RUB and EUR/RUB respectively.

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